Bonk getting ready for another run up, or maybe new ATH by Oct..Bonk can rise up riding the wave of the upward channel and possible reach a new ATH by October
BONKUSD trade ideas
BONK (BONK)The curvature of Bonk looks good. Not much else to say. Meme tokens historically attract investors. Then again there is percentage across the board for so many different choices, why choose this one over another necessarily?
BONK/USD SUGGESTIONS PLS?would love to see some feedback this is where i believe #BONK will go towards before becoming BULLISH
Bonk/USD: Potential Bullish Breakout on Multiple TimeframesTechnical Analysis of Bonk/USD: Potential Bullish Breakout on Multiple Timeframes
This analysis examines the Bonk/USD price across different timeframes, suggesting a potential bullish breakout. Here's a breakdown of the observed patterns:
4-Hour Chart: Falling Wedge Bull Flag
A falling wedge pattern is identified on the 4-hour chart. This pattern is generally considered bullish, indicating a potential reversal of the downtrend. The price action is confined by two converging trendlines, suggesting buyers are increasingly absorbing selling pressure.
Within the falling wedge, a bull flag pattern might be present. Bull flags are brief consolidation periods following a strong price move upwards. A breakout from the bull flag could signal a continuation of the uptrend.
Weekly Chart: Cup and Handle
Zooming out to the weekly chart, a larger cup and handle pattern might be forming. This pattern is also bullish and indicates a potential price breakout after a period of consolidation (the cup) followed by a pullback and a smaller, inverted cup formation (the handle).
Target Price for Falling Wedge:
Based on the falling wedge pattern on the 4-hour chart, the target price sits around $0.00004500. This target is calculated by measuring the height of the wedge at its widest point and adding that distance to the breakout point.
Important Considerations:
Technical analysis is not a guarantee of future price movements. Other factors like market sentiment, news events, and overall market trends can influence the price action.
This analysis highlights potential opportunities, but it's crucial to conduct your own research before making any investment decisions.
BONK Price Channel Breakout Signals Massive Upside PotentialCurrent Price: BONK trading above $0.000025 after a 12% surge.
Channel Breakout: Bullish reversal leads to a significant channel breakout.
Massive Candle: Formation of a massive bullish engulfing candle.
Trend Momentum: Increased momentum following the channel breakout.
50% Fibonacci Level: Potential to challenge the $0.000032 mark shortly.
MACD Bullish Crossover: Positive crossover in MACD and signal lines supports the upcycle.
Support Trendline: Upcycle starting from the long-term support trendline.
Previous Peak Target: Potential to reach previous peak above $0.000050.
Psychological Mark: Targeting the significant psychological mark of $0.000050.
1.618 Fibonacci Level: Upside target at $0.00008321 according to Fibonacci levels.
BONKUSD: 1D breakout and inverse head and shouldersAs above.
BONK looking bullish again and broke out above neckline of inverse H&S.
Possible final price target noted if it the inv H&S pattern continues to play out.
Will follow.
Good luck traders.
Speculative BONK Long Trade with High RRRAdmittedly: This long setup in BONK does not have particularly high chances of success. The price is in a general downtrend, and significant recoveries have been absent so far. However, the BONK price recently reached an important support level on the H4 timeframe. This was followed by a stabilization, and a change of character was achieved on the H1 timeframe. For us, this presents an opportunity to enter a very speculative long trade with an exceptionally high RRR of approximately 8.5:1. We have chosen the as-yet-untested balance price area near the high of late May 2024 as the target.
If bonk validates the channel breakout here target = .00003736The previous daily candle closed with he top trendline of the channel as support and now the current candle is seeing a bullish impulse suggesting the tp trendline has been flipped to solidified support and that it could already potentially be validating the breakout. I’ve seen bigger fakeouts than this before so I’m not ready to say the breakout is confirmed jsut yet but so far probability is favoring it. *not financial advice*
BONK → a valuable coin!hello guys...
Bonk is Solana's social layer and community meme coin with deep integrations as a utility token across a wide base of applications and protocols within the web3 ecosystem. We aim to achieve this by expanding our growing list of integrations.
bonk is bullish, why?!
1- it made an ascending channel!
2- it made a head and shoulders pattern!
3- it made another short time frame ascending channel too!
targets will be:
1-0.000054
2-0.000072
3-0.000103
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❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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BONK Inverse H&S BONK with a textbook bullish inverse Head and Shoulders reversal pattern on the daily charts. Alt coins are setting up nicely for another leg higher.
BONK likely to double stillupdate on Bonk
It is progressing extremely well
maybe it flips #WIF
Than WIF goes on a run...
Either way plenty of upside left for Bonk on the near term.
#inverseheadandshoulders
#BONK went up 137X versus Shiba Inu. And will likely flip it!But what if you hold #Shib and are looking at this chart? and want to dump one dog coin for the hot one.
FoMoing now could be disastrous.
Maybe there is a chance of a pullback in this ratio
to 1:1
if that occurs, It could provide an opportunity to rotate.
BONKUSD Major bullish breakout happening.Bonk is on the strongest 1W candle since February 26th 2024, with the 1W RSI having completed a bullish cross over its MA level the previous week. We are practically on the same symmetric bullish wave as then. Our target remains intact on the 1.236 Fibonacci extension (TP = 0.0000650).
See how our prior idea has worked out:
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BONK Long DCA 4.7:1 RRDivergence on all exchange volume played out as expected causing a retracement here.
Looking for a long entry down towards the upward trend line of the large ascending triangle pushing up to the 2940 level.
Setting buys for DCA at 2600. 2500. 2400, 2300 looking for an average entry around the pocket between 0.5 and 0.68 Fib level of the last run up.
Target 1: 0.00003700
Target 0.00004667
RR: 4.7:1
SL 2070, or more aggressive under the support at 2250
BONK - Trade setupTechically speaking, BONK is one of the most bullish charts I am looking at, again just my persepctive. We are close to all time highs, and memecoins continue to be leading the market when Bitcoin recovers. We’ve see PEPE be a big winner this week as well.
Below are some thoughts on BONK using Fibonacci analysis.
Bullish scenario
BONK needs to get above the 0.618 ‘golden-ratio’ fib for this technical setup to be valid to begin with. From there the next targets is the previous high, the 1.212 fib and the 1.618 fib. From current prices, the upper target is an ~100% move.
Bearish scenario
A breakdown from here and making a new local low would be a bearish move, that could take some time to recover in my opinion.
BONK.usd eyes on 349k: possible top and "lower high"This is a follow up to my previous Top Call (click)
We topped exactly where expected per the last plot above.
Retrace and bounce were plotted in updates to above idea.
We are now at a proven Golden fib that might end our bounce.
BONK.usd heads up at 1345: Break could run, or reject to new lowBONK is about to hit a Golden fib at 0.00001345.
Sister golden fibs above have rejected with gusto.
Break would signal strength again, or reject doom.
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Another iH&SiHS + 8h Cloud breakout
Bonus: also had an A&E in the R shoulder
entry: accumulate when confident, add on breakout, add on neckline
exit: 1.618 + measured move
stop loss: <R Shoulder
NFA
BONK Trade Idea*** You're absolutely insane if you take my advice on anything ***
YOur risk
Your Reward
But BONK may have some sort of setup for a run ...
Who knows
It's possible
Bull market things,..
$BONKUSDNot financial advice.
COINBASE:BONKUSD still trapped in the middle of this triangle it will take some time before they decide witch direction will go.
couple ideas #1 Fibonacci with an upside.
#2 with a rejection of the channel to the downside.
Like and subscribe for more ideas.
Thanks.
parabolic for bonkready set go...
confirmation on top of wedge on 4h
crossing RSI
looking good
nou loading for break resistance 0.0000293
